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    Historic Commercial Building in Milford Title is generated by Realmo AI

    100 2nd Street, Milford, PA 18337

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    For Sale
    $349,000

    COMMERCIAL - Milford, PA

    Type:Single Family Residence
    Property size:
    1,539 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $226/SF
    Added:
    Apr 28, 2025
    Days on Market:
    380
    Last Refresh:
    May 12 at 3:06 pm

    Property Features for 100 2nd Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Residence
    Zoning
    (CO4)
    Bathrooms
    1
    Rooms
    Game Room, Basement, Den, Bathroom 1
    Parking
    4
    Parking features
    Garage
    Security features
    Security System
    Exterior features
    Lighting
    Basement
    Storage Space
    Standard status
    Active
    APN
    113.17-01-32
    Size
    1,539 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Description
    113.17-01-32 Control 000456
    Tax Annual Amount
    4869

    Utilities

    Sewer type
    Cesspool
    Heating system
    Hot Water(Heating), Natural Gas
    Cooling system
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1820
    Floors in Building
    2
    Flooring type
    Hardwood
    Building materials
    Frame
    Roof type
    Asphalt, Metal

    We can help!

    Listing Contact
    Elena Quinn
    Elena Quinn

    Listing agent Elena Quinn

    Listing office Keller Williams RE Milford 205 E Harford Street, Stroudsburg, PA

    Listing date Apr 28, 2025

    MLS# PW-251444 Listing URL

    Copyright © 2026 Pike/Wayne Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime Milford Location: Situated in the heart of Milford's cultural district with high foot traffic and walkability.
    • Versatile Commercial Space: Suitable for a variety of businesses including art gallery, retail, office, or studio.
    • Historic Charm with Modern Updates: Blends original 1800's character with updated features like hardwood flooring.
    • Convenient Accessibility: Close to Rt 84/Rt 209, the bridge to NJ, and within minutes of NY and NJ.
    • Functional Amenities: Includes a bathroom with shower, small kitchen, 200 AMP service, and wheelchair access.
    • Outdoor Space: Features adequate backyard space suitable for a patio.

    Overview

    Located in the walkable heart of Milford, PA, this commercial building offers 1,500+ sq ft of space. Originally constructed in the 1800s, the building blends historic character with modern updates. The property is suitable for an art gallery, design studio, office, retail space, cookie shop, barber shop, yoga studio, creative showroom, or therapy office. Interior features include updated hardwood flooring and an open layout. The building benefits from high foot traffic due to its location in Milford's Cultural District. The property includes a bathroom with shower, a small kitchen, a metal roof, and wheelchair access in the rear. It is equipped with 200 AMP service and city water. The location provides convenient access to Rt 84/Rt 209 and the bridge into NJ. Adequate backyard space is available for a patio. The property is surrounded by local shops and cafes, and is within walking distance of Log Tavern Brewery and La Posada. Currently used as a guitar business, this building is zoned (CO4). The lot size is 0.09 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cabinet Shop Kitchens ... Hardware & Home Improvement Water Wheel Guitars (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Bashful Blooms — 319 Broad St, Milford, PA 18337

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Pike
    State
    Pennsylvania
    Longitude
    -74.7992947
    Latitude
    41.3185972

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    FAQs

    What type of property is this?
    Storefront property - Unique 1,500+ sq ft commercial building in Milford, PA.
    Where is this storefront property located?
    The property is located at 100 2nd Street Milford, PA.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: Prime Milford Location: Situated in the heart of Milford's cultural district with high foot traffic and walkability.; Versatile Commercial Space: Suitable for a variety of businesses including art gallery, retail, office, or studio.; Historic Charm with Modern Updates: Blends original 1800's character with updated features like hardwood flooring.
    (845) 313-6332
    We can help!
    Listing Contact
    Elena Quinn
    Elena Quinn
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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